A NSW Police Force statement says a 53-year-old Vaucluse man, the CEO of a fleet management company, was arrested on Thursday and charged with four counts of paying corrupt commissions and one count of money laundering.

"The charges relate to four large deposits made into a bank account in June 2014 and February 2015 totalling $504,900," the statement says.

"Police will allege the CEO was aware of the corrupt commissions and had provided advice in relation to how they were paid."

Mr Carter was granted conditional bail to appear at Downing Centre Local Court on May 1.

The Coca-Cola Amatil fleet manager and an Orix senior manager have also been charged and are due to appear in court in coming weeks.